Loan Biz Blog

Worsening Prices Are Not “If” But “When”
January 6th, 2010 10:07 AM

Wanted to get you out a quick heads up as fast market conditions as pressing the market (selling). Currently, the 10 year note is off 14/32’s to yield 3.81% while current coupon MBS are off 8/32’s. Since we priced near unchanged, chances of a worsening price are not if but when. Despite a firm close above the 8 day moving average, selling is threatening revive the bear trend. Very tricky market so stay defensive.

With Permission & Courtesy of Scott S. Eggen
Senior Vice President – Capital Markets

For other rate lock advisory commentary please visit:
http://www.mrloanbiz.com/DailyRateAdvisory

Sam Cowen, NMLS ID#: 176693
Branch Manager, Lending in 47 States
PrimeLending | a PlainsCapital Company
2007 N Collins Blvd Ste 403 Richardson, TX 75080
Email: 888@MrLoanBiz.Com Web: www.MrLoanBiz.Com
Toll Free: (888)MR-LOAN-BIZ (888) 675-6262 Toll Free Fax: 866-908-2611

Posted by Sam Cowen on January 6th, 2010 10:07 AMPost a Comment (0)

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Sam Cowen, NMLS ID#: 176693
Your Mortgage Professional, Lending in 50 States
2011 N Collins Blvd Ste 711 Richardson, TX 75080
Email: scowen@primelending.com Web: www.MrLoanBiz.Com
Toll Free: (888)MR-LOAN-BIZ (888) 675-6262 Toll Free Fax: 866-908-2611

 
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